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6

There are "perpetual" bonds and preferred shares that are traded in the corporate credit markets that exactly match your conditions above. They are recorded in the 10-K at notional value $X$. The "close-out" feature is an embedded call. You should assume your favorite stochastic interest rate (and/or credit) model and run a PDE solver, tree, or other grid ...

3

This is the framework for what you need to do, depending on whether you'll be following IFRS, GAAP, or some bogus Groupon accounting method will decide what rules/methods you'll have to follow. What you want to create are contra accounts for each. This works similar to a "bad debt expense" in accounts receivable. You need to estimate the probability that ...

3

I have to think that there are a lot of very fast, very optimized special-purpose accounting engines out there filling this role. Yes and no. I do not think you are high volume at all - you just have a corporate level server for the database, not a cheap low end hosting. I do about 2000 transactions per second on a SQL Server with a mid range ...

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